Board Actions

Actions taken during the week ending March 31, 2007

Bank Holding Companies

Bank of America Corporation, Charlotte, North Carolina -- to acquire U.S. Trust Corporation, New York, New York, and United States Trust Company, National Association.
-Approved, March 26, 2007

Regulations And Policies

Reports to Congress -- interagency reports on federal banking agencies' efforts to coordinate examinations as required by section 305 of the Riegle Community Development and Regulatory Improvement Act, and on capital and accounting differences among the agencies as required by section 37(c) of the Federal Deposit Insurance Act.
-Approved, March 26, 2007

Testimony And Statements

Economic Outlook -- statement by Chairman Bernanke before the Joint Economic Committee of the U.S. Congress.
-Published, March 28, 2007

Subprime Mortgages -- statement of Sandra F. Braunstein, Director, Division of Consumer and Community Affairs, before the Subcommittee on Financial Institutions and Consumer Credit, House Committee on Financial Services.
-Published, March 27, 2007